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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $223.44
- 2 Days on Market
- MLS # : 6182406
- Updated Date : 02/20/2021 at 23:30
CONSTRUCTION
- Beds : 4
- Floor Size : 2,014 sqft
- Baths : 2 full
Listing Agent
Exp Realty
Listing Agent's Description
This beautiful single-story home is located on a quiet interior street with north/south exposure. With a newer Trane HVAC unit and owned solar panels you will enjoy no electric bills! The open floor plan is perfect for entertaining or fun family time. 16'' tile in all the common areas and carpet in the bedrooms for style and comfort. The beautiful kitchen has a seamless drop sink, touchless faucet and newer RO System. The split floorplan offers added privacy in the master suite. The bathrooms have updated faucets and the interior and exterior are freshly painted in 2021! The relaxing waterfall feature/Koi pond in the backyard will help you relax and unwind. This home is in a great location, close to hiking trails and an easy commute to anywhere in the valley. This home has it all!
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PRICE & RENT TRENDS
Neighborhood: Tramonto
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Tramonto
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,020 |
| EXPENSES | Loan Payment | -$1,563 |
| Property Tax | -$269 | |
| Property Insurance | -$66 | |
| HOA | -$9 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$13
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.
$450,000
PROJECTED PRICE
$2,020
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$125,000
LOAN DETAILS
$1,563
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $112,500 |
| Loan Amount | $337,500 |
5.5
YEARS SAVED
$26,796
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,833
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
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2605 W Luce Drive Phoenix, AZ 1
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2514 W Sat Nam Way Phoenix, AZ 2
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LEASED 03/01/20- Rent
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- $1,800
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3002 W Ferruccio Place Phoenix, AZ 3
- 3 beds 3 baths ∙ 2,090 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,090 Sqft ∙ Built 2005
LEASED 02/12/21- Rent
- Rent Per SQFT
- $1,800
- $0.86
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35006 N 27th Avenue Phoenix, AZ 4
- 3 beds 2 baths ∙ 1,945 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,945 Sqft ∙ Built 2002
LEASED 05/18/20- Rent
- Rent Per SQFT
- $1,900
- $0.98
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35001 N 30th Drive Phoenix, AZ 5
- 3 beds 3 baths ∙ 2,090 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,090 Sqft ∙ Built 2003
LEASED 12/01/20- Rent
- Rent Per SQFT
- $1,900
- $0.91
PROPERTY LISTING DETAILS
Exp Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6182406
Last Updated: 02/20/2021
Indicates a property listed by a real estate brokerage other than HomeUnion/Investimate by Mynd. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
